WHEATON, Ill., June 18, 2026 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC ("Innovator"), the investment adviser for the Innovator Gradient Tactical Rotation Strategy ETF and Innovator Hedged Nasdaq-100 ETF (each, a "Fund" and collectively, the "Funds"), announced today that the Funds' Board of Trustees, at the recommendation of Innovator, has approved a plan of liquidation for each Fund (collectively, the "Plans"). Under the Plans, which are effective as of June 17, 2026, the Funds will begin the process of liquidating portfolio assets and unwinding their affairs in an orderly fashion over time. The Plans are not subject to shareholder approval.

Shareholders of the Funds may sell their shares on the Funds' respective listing exchanges, NYSE Arca, Inc. for the Innovator Gradient Tactical Rotation Strategy ETF and The NASDAQ Stock Market LLC for the Innovator Hedged Nasdaq-100 ETF until market close on July 10, 2026, and may incur transaction fees from their broker-dealers. The Funds' shares will no longer trade on their respective listing exchanges after market close on July 10, 2026, and the shares will subsequently be de-listed. Shareholders who continue to hold shares of a Fund on the Funds' liquidation date, which is expected to be on or about July 15, 2026, will receive a liquidating distribution of cash in the cash portion of their brokerage accounts equal to the amount of the net asset value of their shares as of July 15, 2026. For tax purposes, shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. The Funds will stop accepting creation orders from Authorized Participants on July 3, 2026.

About Innovator Capital Management

Innovator Capital Management is a leading active ETF sponsor and is the pioneer of outcome-based ETFs. Most notably the inaugural and ...